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1062 3rd Avenue

IL Laboratorio Del Gelato Leases Retail Space At 1062 3rd Avenue For 10 Years
LEASEDRetail

IL Laboratorio Del Gelato Leases Retail Space At 1062 3rd Avenue For 10 Years

1062 3rd Avenue

$250

$250/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jul 13, 2025

AI

The property asset involved in this transaction is a retail space located at 1062 3rd Avenue in the Upper East Side market. The lease details include an asking rent of $250 per square foot and a total area of 1,200 square feet. This lease is set for a term of 10 years under a modified gross lease structure. The landlord for this transaction is Beekman Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $250/ft
  • Lease Term: 10 years
  • Lease Type: Modified Gross Lease
  • Landlord: Beekman Estate
  • Tenant: IL Laboratorio Del Gelato
  • Tenant's Representative: Jeremy Banilevi - Zelnik & Company

The deal features Jeremy Banilevi representing IL Laboratorio Del Gelato, who is actively seeking new locations on the Upper East Side and Upper West Side. Interested parties are encouraged to reach out to Jeremy Banilevi directly at his email, [email protected].

Players

Jeremy Banilevi

Zelnik & Company

Broker

11 deals

Broker
Zelnik & Company
Zelnik & CompanyBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93